Private public partnership
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The document discusses public-private partnerships (PPPs). It defines PPPs as involving a private company borrowing money to build and operate an infrastructure project like a hospital or road for many years, recouping costs and profit through government payments. The document also notes that some governments prefer softer terms than "privatization" when discussing these partnerships. It provides a framework for evaluating PPP proposals against traditional public sector alternatives, finding that PPPs may be more expensive due to higher interest rates and upfront costs, but efficiency in operations is neutral between the models.
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- 2. softer alternative to the word privatization enable private organizations to get a market share of public service provision. It seems fair to say that a number of governments have tried to avoid using the terms privatization and contracting out in favor of speaking about partnerships
- 4. a specific form of privatisation was developed to deal with limitations on public borrowing. This involved using a private company to borrow money, build a new hospital, school, road, etc, and then operate it over many years, recouping the investment and profit from payments
- 5. 2 general Forms of PPP:
- 6. Claims and myths about PPPs:
- 7. evaluation
- 8. Framework for evaluating PPP proposals against public sector alternative Evidence Note 1 Cost of Capital Interest + dividends PPP more Private sector has to pay expensive higher interest rates than government 2 Cost of PPP more Higher cost of turnkey construction expensive projects, offset by saving on cost of overruns 3 Cost of operation Efficiency Neutral Empirical evidence suggests no significant difference 4 Transaction costs Preparation PPP more Costs of preparing contracts &tendering expensive & tenders 5 Uncertainty Renegotiation & PPP more Future renegotiations & contingent liabilities risky changes